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Claritev Corp（CTEV）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是Claritev Corp的1.9倍（$461.6M vs $246.6M），Claritev Corp同比增速更快（6.2% vs -4.1%），过去两年Claritev Corp的营收复合增速更高（2.5% vs -10.7%）
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
CTEV vs SAM — 直观对比
营收规模更大
SAM
是对方的1.9倍
$246.6M
营收增速更快
CTEV
高出10.3%
-4.1%
两年增速更快
CTEV
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $246.6M | $461.6M |
| 净利润 | $-80.6M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | -3.1% | 12.4% |
| 净利率 | -32.7% | — |
| 营收同比 | 6.2% | -4.1% |
| 净利润同比 | 41.6% | — |
| 每股收益（稀释后） | $-4.88 | $2.16 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CTEVSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $246.6M | $385.7M | ||
| Q3 25 | $246.0M | $537.5M | ||
| Q2 25 | $241.6M | $587.9M | ||
| Q1 25 | $231.3M | $453.9M | ||
| Q4 24 | $232.1M | $402.3M | ||
| Q3 24 | $230.5M | $605.5M | ||
| Q2 24 | $233.5M | $579.1M |
净利润CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | $-80.6M | $-22.5M | ||
| Q3 25 | $-69.8M | $46.2M | ||
| Q2 25 | $-62.6M | $60.4M | ||
| Q1 25 | $-71.3M | $24.4M | ||
| Q4 24 | $-138.0M | $-38.8M | ||
| Q3 24 | $-391.4M | $33.5M | ||
| Q2 24 | $-576.7M | $52.3M |
毛利率CTEVSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率CTEVSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | -3.1% | -8.6% | ||
| Q3 25 | 4.1% | 11.5% | ||
| Q2 25 | 6.9% | 14.0% | ||
| Q1 25 | 4.2% | 7.4% | ||
| Q4 24 | -17.8% | -13.9% | ||
| Q3 24 | -146.7% | 7.6% | ||
| Q2 24 | -224.4% | 12.2% |
净利率CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | -32.7% | -5.8% | ||
| Q3 25 | -28.4% | 8.6% | ||
| Q2 25 | -25.9% | 10.3% | ||
| Q1 25 | -30.8% | 5.4% | ||
| Q4 24 | -59.4% | -9.6% | ||
| Q3 24 | -169.8% | 5.5% | ||
| Q2 24 | -247.0% | 9.0% |
每股收益（稀释后）CTEVSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $-4.88 | $-1.97 | ||
| Q3 25 | $-4.23 | $4.25 | ||
| Q2 25 | $-3.81 | $5.45 | ||
| Q1 25 | $-4.38 | $2.16 | ||
| Q4 24 | $-8.49 | $-3.23 | ||
| Q3 24 | $-24.25 | $2.86 | ||
| Q2 24 | $-35.78 | $4.39 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $16.8M | $164.1M |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $-173.9M | $682.6M |
| 总资产 | $4.9B | $1.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CTEVSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $16.8M | $223.4M | ||
| Q3 25 | $39.2M | $250.5M | ||
| Q2 25 | $56.4M | $212.4M | ||
| Q1 25 | $23.1M | $152.5M | ||
| Q4 24 | $16.8M | $211.8M | ||
| Q3 24 | $86.6M | $255.6M | ||
| Q2 24 | $48.8M | $219.3M |
总债务CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
股东权益CTEVSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $-173.9M | $846.3M | ||
| Q3 25 | $-101.8M | $911.0M | ||
| Q2 25 | $-39.9M | $912.3M | ||
| Q1 25 | $14.8M | $897.0M | ||
| Q4 24 | $84.0M | $916.2M | ||
| Q3 24 | $207.6M | $1.0B | ||
| Q2 24 | $603.4M | $1.0B |
总资产CTEVSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.9B | $1.2B | ||
| Q3 25 | $5.0B | $1.2B | ||
| Q2 25 | $5.1B | $1.3B | ||
| Q1 25 | $5.1B | $1.2B | ||
| Q4 24 | $5.2B | $1.3B | ||
| Q3 24 | $5.3B | $1.4B | ||
| Q2 24 | $5.7B | $1.4B |
负债/权益比CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $66.3M | — |
| 自由现金流经营现金流 - 资本支出 | $36.4M | — |
| 自由现金流率自由现金流/营收 | 14.8% | — |
| 资本支出强度资本支出/营收 | 12.1% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-12.3M | — |
8季度趋势，按日历期对齐
经营现金流CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | $66.3M | $39.9M | ||
| Q3 25 | $19.9M | $101.8M | ||
| Q2 25 | $61.2M | $126.5M | ||
| Q1 25 | $-30.1M | $1.9M | ||
| Q4 24 | $-33.4M | $41.9M | ||
| Q3 24 | $72.8M | $115.9M | ||
| Q2 24 | $18.5M | $96.0M |
自由现金流CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | $36.4M | $22.1M | ||
| Q3 25 | $-16.3M | $89.2M | ||
| Q2 25 | $36.6M | $112.2M | ||
| Q1 25 | $-68.9M | $-8.0M | ||
| Q4 24 | $-63.8M | $18.4M | ||
| Q3 24 | $41.1M | $99.2M | ||
| Q2 24 | $-7.0M | $75.6M |
自由现金流率CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 5.7% | ||
| Q3 25 | -6.6% | 16.6% | ||
| Q2 25 | 15.2% | 19.1% | ||
| Q1 25 | -29.8% | -1.8% | ||
| Q4 24 | -27.5% | 4.6% | ||
| Q3 24 | 17.8% | 16.4% | ||
| Q2 24 | -3.0% | 13.1% |
资本支出强度CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 4.6% | ||
| Q3 25 | 14.7% | 2.3% | ||
| Q2 25 | 10.2% | 2.4% | ||
| Q1 25 | 16.8% | 2.2% | ||
| Q4 24 | 13.1% | 5.8% | ||
| Q3 24 | 13.8% | 2.8% | ||
| Q2 24 | 10.9% | 3.5% |
现金转化率CTEVSAM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 2.09× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.46× | ||
| Q2 24 | — | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
